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NBC
Jun 16, 2013 5:30am PDT
/3 of the economy. the treasury department said that the shortfall was more than 25%. it's part of the reason that stoo standard & poors raised the rating of the u.s. to stable. the product line of the mobile operating system at the annual developer's conference, the software will be developed this fall, and has easier sharing of photos. it's a nervous week for the markets for sure. worries about the federal reserve and other concerns, do you stand pat or make changes in your portfolio. good to see you both here. thank you for joining us. let's talk about this week, rebecca, it felt like there was a change in feeling this week, we know the fed will stop at some point, but really, really volatile markets. up 200, down 200 and then a big bounce back on thursday. were you surprised at the volatility this week? >> a little bit, yeah. we all knew this day would come, but we never knew what it would feel like, because we have never lived through anything like this before. the easing and the monetary policy in u.s., across europe and japan is something that there's no precedent for. we knew there wo
NBC
Jun 21, 2013 4:00am PDT
as the economy continues to improve. but as cnbc's maria bartiromo points out, there may be a silver lining. >> every time we've seen a sell-off of 5%, a lot of people were expecting a correction of 5%. each time we've seen that, that selling has been met by buyers. they call it the so-called buy on the dip mentality. >> nbc's tracie potts has details, including what this means for homeowners. tracie, good morning to you. >> reporter: good morning. here's how you connect what's going on on wall street with the average american. when the fed says we're going to pull some of our support because the economy's doing better, that means interest rates may go up. if you're buying a car or sending a kid to college or, as you note, if you're buying a home. the housing market has been doing pretty well. take a look at the may numbers. 5 million homes sold in the month of may. that's up 4% from a month earlier. up almost 13% from a year earlier. the median home sale price right now for existing homes is $208,000. that's up 15% year over year. in fact, we've seen double-digit increases for six months i
NBC
Jun 20, 2013 5:30pm PDT
gave a mostly positive review of the economy, but also in there was a warning that cheap borrowing may be coming to an end. that was the backdrop. and today the people who buy and sell stocks for a living chose to sell. and the numbers went down in a moment. we'll talk about how a lot of homeowners are watching this closely. first, however, let's go to where the damage was done. maria bartiromo on the floor of the stock exchange in new york. good evening. >> good evening to you. at this point everybody has gone home at the new york stock exchange. but it was quite the scene today as the market was plummeting. and today's 350-point sell-off comes on top of yesterday's 200-point sell-off as the federal reserve suggested the winding down of the stimulus may very well happen beginning at the end of this year. so why is that such a bad thing? basically, people are focusing on the fact that once the stimulus goes away, interest rates will begin to creep up, and that will take money out of the stock market and into fixed income, into bonds. why would i keep my money in the stock market, which
NBC
Jun 14, 2013 5:30pm PDT
wages. as the economy slowly recovers, many of the new jobs are concentrated in low-wage areas like fast food restaurants. nbc news reporting on poverty in america, supported by the ford foundation and in tonight's "in plain sight" report, you may be surprised to learn who some of these folks are and what it takes for them to feed their families. we get our report from nbc's kevin tibbles in chicago. ♪ we serve it up with a smile >> reporter: for many, this is the face of the fast food industry, happy young kids flipping burgers after school. but these days that person taking your order for minimum wage is much more likely to be older. >> we can't afford to live on what we make. >> reporter: people like 56-year-old interior designer amy crawford, who now works behind the counter for $8.75 an hour. >> i would have described myself as very comfortably middle class. >> reporter: and now? >> and now i'm getting by. >> reporter: crawford says she has been seeking a job in her field over a year, dipping into retirement savings to pay the rent, and relying on food stamps. >> these folks use f
NBC
Jun 16, 2013 4:30pm PDT
economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> i've been dreaming of this moment since i was 10 years old. >> and geoff ogilvy survives. >> tom kite at last has won his first major championship. the u.s. open. >> an unreal performance from rory mcilroy. >> united states open champion. >> sensational rally in open golf history. >> webb simpson is the 2012 united states open champion. >> a three-shot victory for lee trevino. >> first australian to win the open. >> i guess patience and hard work, i guess it pays off. >> the older you get, the more thrilling it gets because the harder it gets. >> the third open championship. >> and justin rose just a couple of moments from getting his arms around that trophy as well. easy tap-in, the look to the sky and justin rose has won the u.s. open championship at merion. only playe
NBC
Jun 17, 2013 4:00am PDT
of the eight world -- the eight largest economies in the world, or eight of the nine largest economies in the world if you will. what's interesting here is there's a split. you have the old g-7, the western powers on one side of the syria issue and russia on the other. president obama and the russian leader vladimir putin have their own one on one meeting later this afternoon. it's likely it's going to have a cold war-like tension to it. if you think about what happened between vladimir putin, david cameron, the prime minister of the uk, the meeting they had yesterday, that didn't seem to go so well when the issue of syria came up. it's hard to believe that it's going to go any better when the two presidents of the u.s. and russia meet for what is expected to be a lengthy and perhaps tension-filled bilateral meeting. >> thank you, chuck. >>> one topic sure to come up at the g-8 summit are those newly disclosed nsa surveillance programs. the man at the center of the leak edward snowden still in hiding as officials say he could reveal more top secret documents. former vice president dick
NBC
Jun 17, 2013 5:30pm PDT
, they usually focus on the global economy. but this year's meeting comes at a precarious time in the syrian civil war. seven g-8 countries are on one side. country number 8, russia on the other. >> arriving on a golf retreat to northern ireland, president obama had to leave his clubs stateside and immediately get down to business. tops on his agenda, finding common ground with russia on the issue of syria. but while today was no cold war confrontation, both leaders admitted they disagreed on how to deal with syria. but putin went out of his way to endorse the idea of a negotiated settlement. >> we do have differing perspectives on the problem, but we share an interest in reducing the violence, securing chemical weapons. >> all of us have the intention to stop the violence in syria, to stop the growth of victims, and to solve the situation peacefully, including by bringing the parties to the negotiations table in geneva. >> reporter: putin's words today were decidedly more measured than yesterday when he met with british prime minister david cameron, referring to a graphic video of one syria
NBC
Jun 20, 2013 4:00am PDT
's not because of gas prices. aaa cites instead the sluggish economy and says people are just taking less time off. >>> microsoft reverses course on its new xbox one game console. users will now be able to play games offline without having to be connected to the internet. thaibl able to lend and sell used games. the xbox one goes on sale for $499. >>> and there could be more red arrows today on wall street after markets got slammed wednesday following comments by ben bernanke that the federal reserve may soon start scaling back its economic stimulus programs. if the economy keeps improving. but bernanke says that doesn't mean an interest rate hike is imminent. richard, back to you. >> kayla, thank you. >>> the country's second largest school system plans to order ipads for every student. the los angeles board of education approved a $30 million multi-year purchase. the first order, 31,000 ipads. the district has some 640,000 students, grades k through 12. the names george zimmer may not ring a bell but this ad certainly will. >> you're going to like the way you look. i guarantee it. >> zimmer
NBC
Jun 21, 2013 4:30am PDT
the future of the economy. we are watching your money next. >>> also, rescue crews combing through the rubble of a collapsed building in india. we'll tell you about the desperate search for survivors. >>> the incredible video of a toddler falling from a building in china. . >>> how happy are you that it's friday? >> beyond words. >> we give you a live look outside at the bay bridge. a little red hue to this shot here. a super moon outside. you have to take a look. it looks like a giant egg in the sky. it's 4:43. >>> always nights to be at the end of the week. brace yourselves it could be a freakyriday on wall street. no doubt about it this one has been a very rough one for the markets, thursday the worst day so far as investors continue to be anxious about the looming end of the fed's stimulus program. that begs the question, what does this all mean for your money. kayla taush she is live at cnbc headquarters with a look at the market performance along with the impact possibly on your wallet. kayla, good morning. >> roller coaster ride not over yet. futures sharply higher which is good news.
NBC
Jun 20, 2013 5:00am PDT
buying program and let the economy stand on its own. scott mcgrew, not what investors wanted to hear. >> not at all. is like an parent who stops paying your apartment rent. the economy soon is going to have to prove itself by itself. ben bernanke said in his wednesday press conference the fed would likely end its purchase of bonds next year. remember we're talking about billions an billions of bond purchases every month. that news should drive interest rates, particularly mortgage rates up. as for the effect of equities, let's get right to kayla tausche who is live at cnbc world headquarters. >> hey, scott. futures are lower this morning following yesterday's sell-off. stocks, bonds, both slammed by comments from federal reserve chairman ben bernanke. speaking about when the central bank may end its economic stimulus program, reacting the disappointing data about china's economy and the manufacturing sector. here today we have reports on unemployment, manufacturing and housing. the dow dropping 206 points to 15,112 the nasdaq losing 38 to 3,433. >> we'll keep an eye on it with update
NBC
Jun 17, 2013 12:00am PDT
's economy is coming back. chris: but will we still see those nbc pictures of people racing across the border at night? >> not -- not for a while. chris: not for a while. that means the law works. >> we will get the bill. but there are concerns that the number of visas for farmer workers is going to be revised down that we will see more once the economy picks up. >> i think they will get something through but it will be that unforeseen consequences problem that people will watch for the next several years. what will the impacts be that aren't part of what the discussion is? >> we will get a bill. the balance mere is between a pathway to citizenship and border security. we'll probably get more emphasis on border security to get the bill passed. chris: why should a republican vote for this? >> jeb bush and haley barbour gave a reason this week. because it's pro growth. chris: ok. great. >> you need immigrants in america to foster growth. chris: thanks for a great roundtable. getting near the end here on this show. chuck todd. katty kay. kelly o'donnell and david ignatius. that's the show. thank
NBC
Jun 19, 2013 4:30pm PDT
reserve, ben bernanke moved the markets today with highly anticipated remarks about the economy. he said the economic outlook is improving, unemployment is falling and expected to fall further as a result, the federal reserve will likely ease up on buying bonds, but that could drive up interest rates, including mortgage rates, which are at historic lows, wall street shuttered with the news. stocks fell more than 200 point. >>> still ahead for us tonight, the story that inspired an oscar-winning film and now a real-life drama with one of the more feared men in america on trial for murder. >>> inspiring bond for life, once perfect strangers, brought together in an extraordinary act of heroism on a bad day in this country. brought together in an extraordinary act of heroism on a bad day in this country. when i first started experiencing the pain, it's, it's hard to describe because you have a numbness... but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. when i went back to my healthc
NBC
Jun 21, 2013 5:30pm PDT
from the pope in just four weeks. the economy here is booming. it's the sixth largest in the world. but many have been left behind, millions still living in extreme poverty. >> even if brazil is one of the largest economies in the world, we have one of the biggest inequalities. >> reporter: the government has made concessions, rolling back a 20-cent fare hike in public transportation. but the demonstrations have only grown. >> we pay so much taxes and we don't have education, health, human rights. >> reporter: the protesters have surprised even themselves with their numbers, but there is no clear leader, no clear agenda, and so far tonight, no end in sight. miguel almaguer, nbc news, rio de janeiro. >>> and still ahead for us this evening, out of the classroom and in the field. real-life lessons part of an innovative new way of teaching and something remarkable happening for a lot of kids. >>> and later, high honors tonight for james gandolfini from the folks from back home. >>> we are back with our "education nation" report and what might be the definition of a teachable moment fo
NBC
Jun 22, 2013 5:00am PDT
pumping into the economy to lower interest rates, encourage borrowing and improve the labor and housing market. when he mentioned that investors knew it couldn't go on forever. hearing it caused a knee-jerk reaction. they thought he's not quitting cold turkey. unemployment needs to improve a little bit more and needs to be more growth in the economy. >> you talked about interest rates. that's a major concern for people, not just when it comes to mortgages, but student loans as well. >> everything you do is tied to the interest rate whether you like it or not. whether you have an existing loan or taking out a new loan. if you have a variable rate those could go up in the near term. they change with the market. if you have a fixed rate loan it stays the same. if you are taking on a new loan make sure you look closely at your mortgage. new mortgages, they also move with the market. we are seeing a 30-year fixed at nearly 40%. it's climbing. if you want take out a new mortgage, it's narrowing. credit cards, student loans, auto loans, other types of debt are tied to the f
NBC
Jun 20, 2013 6:00am PDT
into the economy. the more money you have, the cheaper it is to borrow. all of this goes away at some point, probably next year. we expect another rough day on the markets today. if it's any consolation, john, we're starting to see the real value of the american sock markets and american companies, not the fake value we've been seeing for so long propped up by that extra cash. >>> 6:31 right now. dozens of men and women arrested in santa clara's biggest gang bust in history will be back in court. the allege ld members of the nuestra familia gang will be in a san jose courtroom for bail hearings. some could enter their pleas. ma first court appears last week, facing a variety of charges including robbery, drug sales and murder. >>> this morning the oakland police department will introduce the city's five district commanders. earlier this year the police department began implementing its neighborhood policing plan. part of that plan was to put captains and lieutenants in charge of five police districts that together make up the entire city of oakland. today the leaders will discuss crime prod
NBC
Jun 21, 2013 6:00am PDT
eventually stop propping up the economy. >> scott mcgrew is working on it, can't really figure out why it took investors so long to notice. >> this is such a mystery to me, jon. on wednesday, midday, middle of the week the fed says what we said it was going the say. it's going to slow and eventually stop quantitative easing. more than 24 hours later, by the close of business thursday, investors were still selling stocks like they hadn't noticed the fed and sold before that. it was supposed to be big news. in this day of quick trade, why the dow fell more than 300 points thursday kind of crazy late. the worst losses -- we may see almost a sale on stocks today. bond prices are way up and we said they would be as well. oracle is leaving the nasdaq. the redwood shores company will trade under the nyc today. it doesn't really affect your investments, but kind of an embarrassment for the nasdaq. oracle stocks down big on slower sales. >>> two google doodles to show you this morning. one on the top, a welcome to summer. the other, a welcome to winter. today, as christina pointed out, the firs
NBC
Jun 15, 2013 6:30pm PDT
and the economy, an energy conference titled transitioning to a clean energy future. before the conference started at a time he was expected in sacramento, our hidden camera spotted him mingling with guests in the conference center, the day officially started with a lunch at noon, this seat on the patio taking priority over the chair at the capital. invited guests include top level private sector executives. a utility pv regulate and in the ironic category, more than two dozen sacramento lawmakers also attended the conference. at 1:30, a full two and a half hours after he was scheduled to speak in sacramento mr. peevey gave his presentation at the conference. after four hours of conference sessions, it was time to board luxury buses for a 30 minute drive through the valley and then dinner, a private event in the winery in napa valley. we can seat up to 110 gegss -- >> for three hours mr. peevey stayed inside the winery along with more than 100 guests. >> mr. peevey, tony kovaleski, do you have a moment? we met mr. peevey outside the winery. >> what's the message you spent by coming here to napa in
NBC
Jun 18, 2013 4:00am PDT
road trips. >>> the british economy is about to get a $400 million boost thanks to none other than will and kate's special delivery. royal baby sleepwear, booties and so much more will be big biz for the royal family and retailers. >>> and check out this $3,000 watermelon. boy, i sure hope it's worth it. these black skinned melons grown only in japan's northern island of hokido are dense and sweeter than regular watermelons. >>> three sport radios hosts have been fired for going over the line. you got to hear about this one. >>> and former nba star allen iverson is accused of abducting his five children. >>> plus, will brad pitt's world war z be a blockbuster or a bust? next. >>> all right. time to get the latest in sports now. game three of the stanley cup finals, bruins daniel paille rips a shot past goaltender corey crawford for a 1-0 lead. now ten minutes later patrice bergeron is left open on the back post for an easy power play goal making it 2-0, bruins. the bruins hold on to win, giving them a 2-1 series lead. >>> here is a bizarre story involving former nba star allen iver
NBC
Jun 18, 2013 5:00pm PDT
wage to $8 an hour. proponents say it will help the economy as minimum wake workers will have more money to spend. earlier this year in san francisco they raised their minimum wage. >>> have you heard about it? a way to raise money online, often for a particular project to a lot of little donations. >> one turned to crowd funding to help improve their building and ended up with not just money but some surprising attention. garvin thomas has their story tonight. >> reporter: for all the great work that they have done for the past four decades, they do keep a relatively low profile. a lot of that comes for the personal of their director michelle clark. she says she's more steak than sizzle. in tonight's bay area crowd she gets credit for both. >> so you need to know i do this all the time. ask michelle clark how one gets to washington, d.c. and she'll take you up on the roof. sha being the best place, of course, to put solar panels. in this case the panels that power the building, that houses the youth employment partnership at the corner of 23rd and international boulevard in oaklan
NBC
Jun 17, 2013 6:00pm PDT
economy so much better than the lousy one. i mean, it makes this life more livable. >> reporter: the construction is already creating more cash for san jose. at the beginning of the fiscal year, last july, they projected that permits -- revenue would be with b $20 million. by the time the fiscal year ends at the end of this month, it turns out it's going to be about $7 million more than that. good news for the south bay economy. in san jose, kris sanchez, nbch bay area news. >>> we have breaking news at the caltrans station on 22nd street in san francisco. service has been shut down in both directions because police are trying to apprehend an armed man on the overpass above that station. minutes ago we learned that caltrans officials said hostage negotiators were able to talk the man down with no further incident. he's now in custody. caltrans is still making arrangements for other trains to carry riders to the millbrae station where they can take part until they get back up to speed. caltran tickets are being honored on bart evening. a spokesperson says to expect significant de
NBC
Jun 19, 2013 6:00am PDT
. earlier obama meeting with angela merkel on a number of topics including the economy and the ongoing nsa surveillance scandal. we'll be monitoring the president's speech and bringing you the latest throughout the morning as things progress in germany. >>> google fighting back asking the federal government for permission to reveal to you how often it has to give secrets up to the nsa. >> that is right. scott mcgrew, google says it has a first amendment right to tell the truth. >> it wants to go beyond the press releases issued by other tech companies to give sort of a general lay of the land, how îiq asks for data. google wants to drill down how often the prism program forces google turn over data the biggest spy agency. google filed that demand with the secret fisa court tuesday. you mentioned germany's dissatisfaction with the obama administration over fisa courts, domestic spying. today's a lukewarm reception in germany. reporter in berlin this morning said 6,000 tickets given out. that is a far cry from the reception that then-candidate obama got in berlin in 2008, talking before th
NBC
Jun 18, 2013 11:00am PDT
to downsize, i guess, in this economy. >> exactly. but it's free of charge for these owls. expected to say there at the hotel for the next few months. barn owls, for the record, are a protected species and these aren't protected species, just little giveaways they gave, the stuffed baby owls, kids get them, parents, i'm sure, go to the hotel, try to get everybody involved in the owl movement and update willing people on the condition of those owls on their facebook page. >> i love you it. i wouldn't mind staying there and staring at those guys all day. >> get you a free stuffed animal to take home. >>> meteorologist christina loren, talking about some breeze throughout the bay area. >> who? he indeed i am. good morning tune. good-looking day shaping up. i mean, really, we hit stride. we hit the jackpot when it comes to beautiful weather here in the bay area. especially inland. chilly today. at the immediate coast, san francisco, for example. but luke at this got a lot of sunshine coming in. let me show you what's going on, take it right to space, show you the bay area, when it comes to the
NBC
Jun 18, 2013 5:30pm PDT
. the water levels hitting historic low levels and drying up a big part of the american economy. >>> and later, the healing power of a familiar face from home. pets now allowed, even encouraged at a growing number of hospitals. >>> the great lakes contain one fifth of the fresh water supply in the surface of the earth. that may seem like a great deal of it, these days it's not enough for the level of commerce that those five truly great lakes have supported for so long. the problem is the water levels. the lakes are currently low and getting lower. our report on the impact tonight from our chief environmental correspondent anne thompson. >> reporter: the cargo ship "mesabi miner" rides high as it docks on lake erie. and that's not good. >> she left 8,000 tons of iron ore in minnesota, that's basically a day's work for an iron ore mine. >> reporter: iron ore destined to be steel in cars and refrigerators. but the mesabi miner can't carry a full load because once again water levels in the great lakes are too low. >> it's reducing our revenue. we carry less tons, we get paid by the ton. we don't
NBC
Jun 20, 2013 4:30am PDT
when the central bank will end its economic stimulus program, reacting to news about china's economy. reports on unemployment, manufacturing and housing here in the u.s. the drou dropping to 15,is 12, the nasdaq to 3,833. >>> mow zil la is going ahead with plans to offer a do not track option. that would block the most common forms of internet tracking, allowing people to limit who watching their online movements. the decision comes despite big resistance from advertisers who claim this tracking is essential to delivering well targeted lucrative adds that pay for many web services. microsoft is reversing course on its xbox 1 game console. users can left-hand and sell used games. these had been criticize bid the hard core gamers since microsoft unveiled the xbox one in may. the device goes on sale this fall for $499. we'll definitely see how it does. >> kayla tausche, thank you very much. >> bowing. >> you taught us so much. >> i used to teach etiquette to little kids. >> you got to work on me. i got a ways to go. >> christina loren is here to tell us and sprinkle etiquette, sunshine,
NBC
Jun 22, 2013 4:30pm PDT
personal economy. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk factors because you could be at increased risk for plaque buildup in your arteries over time. and that's why when diet and exercise alone aren't enough to lower cholesterol i prescribe crestor. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. thes
NBC
Jun 16, 2013 11:00pm PDT
leaders from the largest economies. the group will discuss syria's civil war. >>> and a new report that may ignite the debate over the scope of western intelligence gathering. a new report on hacking by the british news agency gchq. edwards snowden is the basis for the reporting and the british agency reportedly hacked into the e-mails and phones of foreign diplomats to get an edge in high stakes negotiations. >>> it's possible the supreme court will rule on proposition 8. the judges are expected to rule on a number of cases tomorrow. analysts say it's most likely that prop 89 ruling will come at the end of the month. >>> and the new york mayor weighed in during a graduation speech at stanford. >> every generation of americans have expanded the rights of full citizenship to an every-widening circle of people. and i have every confidence that your generation will do the same. marriage equality is a civil rights issue of our time. >> michael bloomberg praised stanford's role in the tech industry and encouraged students to move to new york city, rather than staying in silicon valley a
NBC
Jun 18, 2013 6:00pm PDT
. for the coming year, with an improved economy have asked to gradually restore the pay cuts. both public safety units have found the proposal too little too late. meanwhile, that leadership picture yeah at the top. it continues. san jose will elect a new mayor. no doubt about that. chuck reed has termed out. handful of candidate announced and several unannounced. no one come through with a breakthrough proposal to restore morale, pay, all these kinds of things. you know why? it would probably include an increase in the sales tax. until and unless the voters go along with that idea, the city is likely to endure a public safety mess which in the end could have bad consequences should a crisis occur. >> it appears the next mayor of san jose will hold this baggetting passed down to him. thank you, larry. >>> new at 6:00, san francisco leaders calling for an international apology for comments recently made by a japanese mayor. he sparked international criticism when he said military brothels were necessary during world war ii. the brothels were trafficking thousands of women as sex slaves for japane
NBC
Jun 20, 2013 6:00pm PDT
on wall veet. a new concern raised about china's economy. and even though we got good news on the housing market it wasn't enough to combat the weekly jobs report. >>> they're asking for the public's help in tracking down a man who is looking for a job. he goes by bruce lee marshal, francois marshal. while working at a san francisco software company he allegedly established a fictitious company and hired it to do some fake work. he had that company collect over $100,000 in cash from the company he actually worked for. >>> no ruling yet. the supreme court handed down its rulings on three other cases this morning but nothing about california's ban on same sex marriage. that decision will come either next monday or next thursday. now if the court rules that same sex couples can marry once again in california, the clerk in san matte ocounty says his office is ready to go. >> our computers are ready, staff is ready. but everything else will be routine, other than the crowds. >> in the last several weeks, several bay area counties have been increasing staffing and training for what many believe
NBC
Jun 21, 2013 10:00pm PDT
's economy for the first time in almost five years, california's unemployment rate is below 9%. the state's jobless rate fell to 8.6% last month. a tropical of .4% since the previous month. however it is still 1% above the national average. roughly 1.6 million californians remain unemployed. >>> a government agency on the brink of bankruptcy. the postal service is losing in their estimates, $25 million a day. while congress struggles to fix the agency, a surprising turn. the postal service is hiring here in the bay area. jodi hernandez has more. >> reporter: they're known as the public face of the u.s. postal service. letter carriers who deliver mail to your doorstep each day. >> a nice job, a good job. it keeps you healthy. you're out in the fresh air. the hourly wage is decent. >> reporter: for the first time in two decades, the postal service is doing a mass recruitment. the bay area region needs 500 letter carrier assistants. temporary positions that could lead to a full-time job. >> we're looking for somebody who can, is fit, healthy, who can carry a workload of 70 pounds. so the phy
NBC
Jun 19, 2013 7:00am PDT
of the money you spend into money you invest. it's everyday reinvesting for your personal economy. your skin can grow more beautiful every time you wear it. neutrogena® healthy skin liquid makeup. 98% of women saw improvement in their skin. neutrogena® cosmetics. but once a week i let her play sheriff so i can wash it. i use tide to get out those week old stains and downy to get it fresh and soft. you are free to go. [ dad ] tide and downy together. taste so great? it's made from real fruit flavors and sweetened with honey. lipton tea & honey. real ingredients just taste great. feel the delicious taste of lipton tea & honey. enjoy the whole family at a homewood suites, schedule a 5 o'clock meeting at a hilton garden inn, or hit the links at a waldorf astoria. get great rates at our ten top hotel brands during the great getaway. book now at hiltongreatgetaways.com. during the great getaway. la's congestion,itely ffor it's smog., but there are a lot of people that do ride the bus. and now that the busses are running on natural gas, they don't throw out as much pollution to the earth. so i fe
NBC
Jun 14, 2013 10:00pm PDT
economy and a whole lot more. go further. [ sneezes ] you're probably muddling through allergies. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. it's the only place for st. john's bay. and with this weekend's coupon, you can save $10 when you spend $50. so come back to jcpenney. and put the happy in happy father's day. like other precious things that start off white, it yellows over time. when it comes to your smile, if you're not whitening, you're yellowing. crest whitestrips whiten as well as $500 professional treatments. guaranteed. crest 3d white whitestrips. guaranteed. so you can capture your receipts, ink for all business purchases. and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. del
NBC
Jun 17, 2013 5:00am PDT
to talk about the economy and the possible trade deal between the u.s. and europe and very likely to talk about security, especially in light of the new allegations against the nsa, looking into our phone records and e-mails and new allegations that great bit tan did the same thing with delegates to the g-20 conference back in 2009. lots going on here today as the g8 gets under way. >> thank you, tracie. >>> on capitol hill it's possible the supreme court could rule on prop 8, california's ban on same-sex marriage. the judge is expected to release their decisions on a number of cases today. we'll issue rulings every monday this month and in some cases also do it on thursdays. analysts say it's most likely the ruling on prop 8 will not come at least until next monday. >>> 5:43. new this morning, apple releasing new details about what the federal government wanted to know about the cupertino company's customers. apple says between december of last year and may of this year, the government issued between 4,000 and 5,000 requests for customer data. the statement also says the government is no
NBC
Jun 17, 2013 6:00am PDT
's president to talk about that. the economy and trade are expected to be big. there's a trade agreement between europe and the u.s. that's been hung up over some issues that france has with the entertainment industry. they'll talk about that. finally, you mentioned it. counterterrorism, fighting the war on terror and these nsa leaks. now not only on our side of the atlantic but on the other side as well as this meeting gets under way, great britain accused of snooping on the delegates of the g-20 summit back in 2009. it will be a busy day for the president and the world leaders as>2ñ they sit down and talk ab these issues. >> thank you very much, tracie. >>> a south bay man charged with molesting two young girls in his care and an 18-year-old girl with the mental capacity of a kindergartner. that man expected to return to court today. joaquin bailey arrested and charged with three felony counts of lewd acts on a child and one count of sexual assault on an incapable person. bailey worked at a group home for children in los gatos and as a teachers' aide at achieve kids that serves the me
NBC
Jun 17, 2013 7:00am PDT
this morning. and this is what ben bernanke says about the economy, and whether or not it's strong enough for the fed to reduce the stimulus program. gas prices are holding steady at 3.61 a gallon from a month ago, and prices are not rising as we approach the peak season. natalie, back to you. >> thank you so much. >>> miss connecticut is the new mist usa. aaron brady is the 25-year-old accountant, and she beat out 50 other women important the total. >>> a huge win for justin rose at the u.s. open. sunday he became the first englishman in 43 years to win it, ahead two shots in front of phil mickelson. take a look at stefani. he got a whole in one on the 299-yard 17th hole, and that's the way to celebrate that accomplishment. 7:14, and back to matt and savannah. >> an unusual bounce off that sleep. lucky for him. good for him miles per ho. >>> i went to best buy this weekend. >> a beauty. look at that. >> yeah, pretty exspaspectacula. >> yeah, all the way to hrub yuck, and cheyenne. isolated tornadoes, and as you look at the future cast you can see the storms starting to fire up and they w
NBC
Jun 18, 2013 5:00am PDT
of them. this year it appears they're down to three. families tend to down size in this economy. >> booed poigood point. >> the barn owls you should know are a protected species. the marriott giving out stuffed baby owls. >> right now they're updating the condition of those owls. they do it on their facebook page. >> they're fascinating to look at. you kind of feel like you're invading their privacy. >> a little bit. >>> let's check the forecast with meteorologist christina loren. >> good morning. those owls, they sleep all day, head out at night and we've had some really mild nights for all the animals across the bay area. nonetheless, even though we're starting out in the upper 50s right now, only headed toward the low 70s. livermore, 73 degrees. 74 in concord and struggling to break out of the 50s today in san francisco. then things change. some temperature swings headed our way. i'll take you through the fast coming up. 5:25. let's find out how we're doing from our own night owls. >> night owls, early morning risers, we're everything. over here a lot of traffic flowing, 101 past 680,
NBC
Jun 18, 2013 6:00am PDT
're also looking at the economy and global trade and making progress, we're told, on a trade deal between the u.s. and the eu. overshadows all this, these new allegations from the self-proclaimed whistle-blower edward snoweden was the u.s. spying on its own people, but also that the u.s. helped great britain at the last g-20 summit back in 2009 to spy on world leaders who were at that summit. lots of questions being asked as this g8 summit wraps up today. >> certainly one to watch. thank you very much, tracie. >>> time is 6:32 on the nose. christina loren is back. yesterday we walked outside, i would say it's glorious. you said even better today? >> depends on what your pleasure is. we've got some good looking conditions already. here is the deal for today. it's actually going to be cooler. i enjoyed yesterday as well. opened the windows in my home, let the jendal breeze come in. did the cooling down for me. you don't need your ac at all across the bay area. the san francisco bay, not too choppy just yet. it will be nice and choppy before the day is done as the winds start to pick up. rig
NBC
Jun 21, 2013 5:00am PDT
as the market is a roller coast ir is that the economy is improving. back to you. >> thank you very much. if you like roller coasters, we have something coming up. >>> we continue to keep a close eye on washington and immigration reform where we hear the latest from the senate floor, a bill could pass soon after an agreement to vastly increase the fencing and border patrols in exchange for more favorable work for skilled workers. the other thing we're watching is manufacturing return to the united states. you may recall apple will announce its new mac desk top in america quite possibly in this bay area factory owned by flextronics. labor in china may be cheap, labor by american robots even cheaper. the head of flextronics sits down with me this week on "press here." >> what you'll see is more and more automation over time. that will have more things regionally manufactured. >> by robots? >> by automation, whether it's a robot -- >> tomato, tomato, mike. >> it means the factories around here will be continuing to ramp up, but not necessarily with people, marla and jon. >> transformers ruling the
NBC
Jun 21, 2013 12:35am PDT
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NBC
Jun 21, 2013 7:00am PDT
and says the fed is go ease up on buying bonds. the reason is because the economy is getting strong enough to stand on it's own. if the economy is better, why would the market tank like this? >> people don't ever want to think, you know what, i can do better in bonds than stocks. a lot of people are hiding in stocks. good dividends, good yield. the bond market is safer so they're selling stocks to buy bonds and people who are in bonds are freaking out too because they think the fed is no longer going to support them. there's uncertainly everywhere. >> the bigger picture here, it's about interest rates. historically low for a long time and now interest rates are going to go up. do you think right now, if your opinion, is the economy strong enough right now to with stand the concept of money getting more expensive. >> yes. yes, it is. doesn't seem like it because we don't have the employment growth we want but at the same time we have a lot of industries doing really strong. i wish our foreign trading partners -- i wish china was doing better, and europe was doing better. we're the strongest
NBC
Jun 20, 2013 7:00am PDT
of buying bonds to keep interest rates down, saying the economy is getting stronger are. well that could ultimately send rates up on mortgages and cars and credit cards. >>> you might pay less this summer to cool your home. the energy information administration says milder weather predicted for this summer may save you some money on your electric bills, even if it's just a few dollars month, but we'll take it. >>> if you're planning a trip to yellowstone or grand teton national park, be forewarned, the parks have issued a health advisory warning advice gore an outbreak of norovirus in the park that has sicken and the least 200 people already, even before the big summer season starts. the advisory is telling visitors to wash their hands a lot. >>> paris launched a campaign for improving its reputation. some tourerists complained that waiters, taxi drivers and sales people there come off as rude at times. local tourism officials are giving out manuals to people who work in paris with guidelines for better etiquette. >>> new baby pictures to show you this mornle. take a look at these adorab
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